Calix (CALX) Upgraded by Northland Securities to “Outperform”

Northland Securities upgraded shares of Calix (NYSE:CALX) from a market perform rating to an outperform rating in a research note published on Wednesday morning, Marketbeat Ratings reports.

A number of other equities research analysts have also recently commented on CALX. BidaskClub cut shares of Calix from a buy rating to a hold rating in a research note on Tuesday, October 31st. Zacks Investment Research raised shares of Calix from a sell rating to a hold rating in a research note on Tuesday, January 9th. Finally, ValuEngine raised shares of Calix from a sell rating to a hold rating in a research note on Sunday, December 31st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $6.50.

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Shares of Calix (CALX) traded up $0.10 during midday trading on Wednesday, hitting $6.40. 45,245 shares of the stock were exchanged, compared to its average volume of 274,036. The firm has a market cap of $332.61, a PE ratio of -3.82 and a beta of 0.72. Calix has a twelve month low of $4.65 and a twelve month high of $7.40.

In other Calix news, CFO Cory Sindelar bought 5,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were purchased at an average price of $6.70 per share, for a total transaction of $33,500.00. Following the transaction, the chief financial officer now directly owns 15,000 shares of the company’s stock, valued at approximately $100,500. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 16.50% of the company’s stock.

Several large investors have recently made changes to their positions in CALX. GSA Capital Partners LLP purchased a new position in shares of Calix during the 3rd quarter valued at approximately $114,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Calix during the 3rd quarter valued at approximately $119,000. Simplex Trading LLC purchased a new position in shares of Calix during the 4th quarter valued at approximately $135,000. Paloma Partners Management Co purchased a new position in shares of Calix during the 4th quarter valued at approximately $145,000. Finally, Symmetry Peak Management LLC purchased a new position in shares of Calix during the 4th quarter valued at approximately $176,000. Hedge funds and other institutional investors own 67.21% of the company’s stock.

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About Calix

Calix, Inc provides broadband communications access systems and software for fiber- and copper-based network architectures that enable communications service providers (CSPs), to transform their networks and connect to their residential and business subscribers. The Company enables CSPs to provide various services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks.